BRICS is an international political organization comprised of the following high-growth countries: Brazil, Russia, India, China and South Africa. At a 2012 Summit in New Delhi, BRICS leaders discussed the need to remodel the current financial system controlled by...

China is poised to become the world’s largest luxury market by 2020. It is estimated that it will account for 20% of the anticipated $547 billion worth of luxury purchases by that year, according to investment research group CLSA Asia-Pacific Markets. The people in...